Question

Which function of NABARD relates to oversight of co-operative banks and Regional Rural Banks (RRBs)?

Options

• It inspects and supervises co-operative banks and RRBs

• It fixes the salaries of farmers

• It grants licenses to moneylenders

• It markets the produce of co-operative banks

Answer 1

NABARD performs a regulatory role by inspecting and supervising co-operative banks and Regional Rural Banks (RRBs). This supervisory function ensures the sound functioning of rural credit institutions.